LIC MF Nifty 100 ETF vs Shriram Multi Asset Allocation Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
LIC MF Nifty 100 ETF is an ETF fund and Shriram Multi Asset Allocation Fund is a Multi Asset fund. In the 3 years to 30-10-2026, LIC MF Nifty 100 ETF returned 8.8% a year and Shriram Multi Asset Allocation Fund (Direct) returned 10.1% a year. LIC MF Nifty 100 ETF charges 0.30% a year and Shriram Multi Asset Allocation Fund 0.62%. Their portfolios overlap 48.2%: they hold 39 of the same securities.
Shriram Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 10.1%
- Expense ratio
- 0.62%
- NAV
- ₹13.29
Which is better, LIC MF Nifty 100 ETF or Shriram Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Multi Asset Allocation returned more over 3 years: 10.1% a year against 8.8%.
- Shriram Multi Asset Allocation returned more over 1 year: 0.0% against −8.9%.
- LIC MF Nifty 100 ETF costs less: 0.30% a year against 0.62%.
- Shriram Multi Asset Allocation swung less over 3 years: a standard deviation of 11.9% a year against 13.7%.
- Shriram Multi Asset Allocation fell less in its worst fall since 15-09-2023: −15.3% against −17.3%.
- LIC MF Nifty 100 ETF holds more in large companies: 97.6% of the fund in large caps against 53.3%.
- LIC MF Nifty 100 ETF is the larger fund: ₹698 Cr against ₹140 Cr.
- Their portfolios overlap 48.2%: 39 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | LIC MF Nifty 100 ETF | Shriram Multi Asset Allocation Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Shriram Mutual Fund |
| Category | ETF | Multi Asset |
| AUM | ₹698 Cr (30-09-2026) | ₹140 Cr (30-09-2026) |
| NAV | ₹263.09 | ₹13.29 (Direct) |
| Expense ratio (Direct) | Not available | 0.62% |
| Expense ratio (Regular) | Not available | 2.48% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | Nifty 50 TRI 70% + NIFTY Short Duration Debt Index 20% + Domestic prices of Gold 8% + Domestic prices of Silver 2% |
| Launch date | 17-03-2016 | 08-09-2023 |
| Minimum investment | For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any | ₹500 |
| Lock in | None | None |
| Fund managers | Nikhil Kapoor, Sasikant Aravamuthan | Hitesh Savanth, Prateek Nigudkar, Amit Modani |
| Exit load | Nil | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. |
LIC MF Nifty 100 ETF vs Shriram Multi Asset Allocation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| LIC MF Nifty 100 ETF | +1.02% | −5.36% | −3.05% | −8.92% | +8.77% | +6.92% | +11.38% |
| Shriram Multi Asset Allocation Fund (Direct) | −1.21% | −4.16% | −2.47% | +0.01% | +10.13% | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
LIC MF Nifty 100 ETF vs Shriram Multi Asset Allocation: Year-wise Returns
| Year | LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF | Shriram Multi Asset AllocationShriram Multi Asset Allocation |
|---|---|---|
| 2026to date | −9.51% | −3.87% |
| 2025 | +9.95% | +10.12% |
| 2024 | +12.58% | +10.91% |
| 2023 | +20.76% | -- |
| 2022 | +4.76% | -- |
| 2021 | +25.98% | -- |
LIC MF Nifty 100 ETF vs Shriram Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of LIC MF Nifty 100 ETF
Rolling returns
Every 3-year holding period, 30 of them, one for each trading day from 15-09-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
LIC MF Nifty 100 ETF
Shriram Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Nifty 100 ETF | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.8% | 7.7% | 6.8% | 8.8% | 0% |
| Shriram Multi Asset Allocation | 0.0 | 0.0 | 6.7 | 93.3 | 0.0 | 0.0 | 0.0 | 10.6% | 10.5% | 9.8% | 11.5% | 100% |
| Nifty 100 TRI | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.1% | 8.0% | 7.1% | 9.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 15-09-2023. Past returns do not promise future returns.
LIC MF Nifty 100 ETF vs Shriram Multi Asset Allocation: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-09-2023 to 30-10-2026: 38 instalments, ₹3,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF | ₹3,80,000 | ₹3,84,491 | ₹4,491 | 0.7% |
| Shriram Multi Asset AllocationShriram Multi Asset Allocation Fund (Direct) | ₹3,80,000 | ₹4,06,456 | ₹26,456 | 4.2% |
LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF
Shriram Multi Asset AllocationShriram Multi Asset Allocation Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
LIC MF Nifty 100 ETF vs Shriram Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Nifty 100 ETF | Shriram Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.92% | +0.01% |
| Standard deviation | 14.02% | 11.83% |
| Sharpe ratio | -1.01 | -0.44 |
| Sortino ratio | -1.34 | -0.59 |
| Maximum drawdown | −14.9% (31-03-2026) | −11.1% (23-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.26% | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | LIC MF Nifty 100 ETF | Shriram Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.77% | +10.13% |
| Standard deviation | 13.69% | 11.90% |
| Sharpe ratio | 0.20 | 0.34 |
| Sortino ratio | 0.28 | 0.45 |
| Maximum drawdown | −17.3% (28-02-2025) | −15.3% (28-02-2025) |
| Beta | 1.00 | -- |
| Alpha | −0.31% | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | LIC MF Nifty 100 ETF | Shriram Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.32% | +9.43% |
| Standard deviation | 15.80% | 11.74% |
| Sharpe ratio | 0.43 | 0.29 |
| Sortino ratio | 0.59 | 0.38 |
| Maximum drawdown | −38.0% (23-03-2020) | −15.3% (28-02-2025) |
| Beta | 1.00 | -- |
| Alpha | −0.32% | -- |
From daily NAVs, 18-03-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
LIC MF Nifty 100 ETF
Shriram Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Nifty 100 ETF | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.5% |
| Shriram Multi Asset Allocation Fund (Direct) | −15.3% | 15-07-2024 | 28-02-2025 | 17-10-2025 | 8 months | −7.3% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 15-09-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Nifty 100 ETF
Shriram Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Nifty 100 ETF
Shriram Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC MF Nifty 100 ETF | 99% | 100% | 0.06% |
| Shriram Multi Asset Allocation Fund (Direct) | 76% | 53% | 7.08% |
From month-end values since 15-09-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
LIC MF Nifty 100 ETF vs Shriram Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Nifty 100 ETF, September 2026; Shriram Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 48.2%
- Held by both
- 39
- Only in LIC MF Nifty 100 ETF
- 61
- Only in Shriram Multi Asset Allocation
- 47
| Security | % of LIC MF Nifty 100 ETF | % of Shriram Multi Asset Allocation |
|---|---|---|
| ICICI Bank Ltd. | 7.28% | 3.94% |
| HDFC Bank Ltd. | 8.34% | 3.93% |
| Reliance Industries Ltd. | 6.09% | 3.88% |
| Bharti Airtel Ltd. | 4.10% | 2.91% |
| State Bank of India | 3.05% | 2.88% |
| Axis Bank Ltd. | 2.71% | 2.61% |
| Mahindra & Mahindra Ltd. | 2.02% | 2.13% |
| Bajaj Finance Ltd. | 2.02% | 2.02% |
| Kotak Mahindra Bank Ltd. | 2.36% | 1.94% |
| Sun Pharmaceutical Industries Ltd. | 1.48% | 2.26% |
| ITC Ltd. | 1.94% | 1.34% |
| Eternal Ltd. | 1.78% | 1.30% |
| Tata Consultancy Services Ltd. | 1.60% | 1.26% |
| Infosys Ltd. | 2.70% | 1.24% |
| Larsen & Toubro Ltd. | 3.38% | 1.19% |
| NTPC Ltd. | 1.17% | 1.10% |
| HCL Technologies Ltd. | 1.01% | 1.23% |
| Maruti Suzuki India Ltd. | 1.20% | 0.99% |
| Tata Steel Ltd. | 1.18% | 0.95% |
| Divi's Laboratories Ltd. | 0.92% | 0.97% |
| InterGlobe Aviation Ltd. | 0.89% | 1.18% |
| Adani Ports & Special Economic Zone Ltd. | 1.05% | 0.81% |
| Coal India Ltd. | 0.79% | 0.86% |
| TVS Motor Company Ltd. | 0.75% | 1.02% |
| Tata Motors Ltd. | 0.69% | 0.62% |
| SBI Life Insurance Company Ltd. | 0.59% | 1.73% |
| Cipla Ltd. | 0.59% | 0.63% |
| Hindustan Aeronautics Ltd. | 0.69% | 0.52% |
| Bharat Petroleum Corporation Ltd. | 0.48% | 0.53% |
| Oil & Natural Gas Corporation Ltd. | 0.68% | 0.46% |
| VARUN BEVERAGES LIMITED | 0.46% | 1.27% |
| HDFC Life Insurance Company Ltd. | 0.44% | 0.67% |
| Bharat Electronics Ltd. | 1.06% | 0.40% |
| Power Grid Corporation of India Ltd. | 0.92% | 0.34% |
| DLF Ltd. | 0.34% | 0.44% |
| Hyundai Motor India Ltd. | 0.23% | 0.57% |
| Apollo Hospitals Enterprise Ltd. | 0.66% | 0.20% |
| Bank of Baroda | 0.33% | 0.19% |
| Ambuja Cements Ltd. | 0.19% | 0.75% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.2% means 48.2% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in LIC MF Nifty 100 ETF
| Security | % of fund |
|---|---|
| Titan Company Ltd. | 1.46% |
| Hindustan Unilever Ltd. | 1.28% |
| Vedanta Aluminium Metal Ltd. | 1.10% |
| Shriram Finance Ltd. | 1.07% |
| Hindalco Industries Ltd. | 1.04% |
Largest holdings only in Shriram Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| NIPPON INDIA ETF GOLD BEES | 12.24% |
| UNION BANK OF INDIA CD RED 22-02-2027 | 7.68% |
| BANK OF BARODA CD RED 12-02-27 | 6.99% |
| NIPPON IND MUT FD-NIPPON IND SILVER ETF | 2.18% |
| Kalpataru Projects International Ltd. | 0.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Nifty 100 ETF | Shriram Multi Asset Allocation |
|---|---|---|
| Equity | 99.7% | 69.7% |
| Debt | 0.0% | 15.5% |
| Cash and others | 0.3% | 14.8% |
Market cap of stocks
| Market cap | LIC MF Nifty 100 ETF | Shriram Multi Asset Allocation |
|---|---|---|
| Large Cap | 97.6% | 53.3% |
| Mid Cap | 2.0% | 5.2% |
| Small Cap | 0.0% | 11.0% |
| Not on AMFI's list | 0.0% | 0.3% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | LIC MF Nifty 100 ETF | Shriram Multi Asset Allocation |
|---|---|---|
| Banks | 24.9% | 15.5% |
| Petroleum Products | 7.0% | 4.4% |
| IT - Software | 6.7% | 3.7% |
| Automobiles | 6.3% | 4.7% |
| Finance | 6.2% | 2.5% |
| Pharmaceuticals & Biotechnology | 4.4% | 5.1% |
| Telecom - Services | 4.3% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Nifty 100 ETF vs Shriram Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Nifty 100 ETF | Shriram Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.62% |
| Base expense ratio (Direct) | 0.00% | 0.46% |
| Total expense ratio (Regular) | Not available | 2.48% |
| Base expense ratio (Regular) | 0.24% | 2.06% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
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LIC MF Nifty 100 ETF vs Shriram Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between LIC MF Nifty 100 ETF and Shriram Multi Asset Allocation Fund?
LIC MF Nifty 100 ETF is an ETF fund, Shriram Multi Asset Allocation Fund is a Multi Asset fund, run by LIC Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 48.2%. LIC MF Nifty 100 ETF charges 0.30% a year and Shriram Multi Asset Allocation Fund 0.62%.
Which has given higher returns, LIC MF Nifty 100 ETF or Shriram Multi Asset Allocation Fund?
Over 1 year: LIC MF Nifty 100 ETF −8.92%, Shriram Multi Asset Allocation Fund +0.01%. Over 3 years: LIC MF Nifty 100 ETF +8.77% a year, Shriram Multi Asset Allocation Fund +10.13% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Nifty 100 ETF or Shriram Multi Asset Allocation Fund?
LIC MF Nifty 100 ETF charges less: 0.30% a year against 0.62%. These are the total expense ratios reported to AMFI.
How much do LIC MF Nifty 100 ETF and Shriram Multi Asset Allocation Fund overlap?
48.2%. They hold 39 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Nifty 100 ETF or Shriram Multi Asset Allocation Fund?
On SEBI's riskometer, LIC MF Nifty 100 ETF is rated Very High and Shriram Multi Asset Allocation Fund Very High. Over 3 years, the standard deviation of daily returns was 13.69% and 11.90% a year.
Which is better for SIP, LIC MF Nifty 100 ETF or Shriram Multi Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,71,820 in LIC MF Nifty 100 ETF (XIRR 0.3% a year) and ₹3,93,205 in Shriram Multi Asset Allocation Fund (XIRR 3.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF Nifty 100 ETF and Shriram Multi Asset Allocation Fund?
Yes. 48.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages LIC MF Nifty 100 ETF and Shriram Multi Asset Allocation Fund?
LIC MF Nifty 100 ETF: Nikhil Kapoor, Sasikant Aravamuthan. Shriram Multi Asset Allocation Fund: Hitesh Savanth, Prateek Nigudkar, Amit Modani.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.